Claim Genius partners with Swiss Re to enhance auto claims efficiencies, and introduce real-time damage assessment and estimation for better speed and accuracy in the claim settlement process.
“Swiss Re Solutions aims to deliver world leading claims management capabilities to its cedent clients, helping them lower settlement time and costs, while making the post-accident process fast, fair and frictionless for consumers,” commented Swiss Re’s Global P&C Head Pranav Pasricha. “Our partnership with Claims Genius helps unlock our global data and tech assets to deliver world leading accuracy and speed in auto-claims damage assessments.”
Through this partnership, we will allow insurers to use our Smart Claims platform to fully automate their claims along with the support for photo-based damage assessment. Together, we aim to deliver reliable loss estimations in just minutes, with improved FNOL (First Notice of Loss) intake, triage, assessor productivity, and settlement variability.
“By adopting Computer Vision and AI technology, the insurance industry is seeing huge upside in efficiency and cost savings,” said Raj Pofale, founder & CEO of Claim Genius.
Claim Genius’ image and video-based damage analysis enables end-to-end automation for the motor claims. We aim to provide touchless claims for carriers, which can provide instant damage estimates and rapid claims processing. Our objective is to reduce claims processing time, increase carrier profitability, and revolutionize the claims experience.
“Our vision is to make touchless claims a reality and our customers across the globe are very happy to see that our technology is enabling … 100% digitization of their claims process,” Pofale said. “I am excited to see that Swiss Re believes in our technology and [is] taking it to all their European customers.”